Term insurance is a life insurance cover which provides a death benefit for a fixed number of years; the fixed number of years being the ‘term’ in term insurance. Death benefit is when the nominee gets an amount equal to the sum assured or the coverage amount if the insured dies during that period. The sum assured, the term of the policy and the nominee who will get the benefit after the insured person’s death depends on what he or she chooses at the time of buying the term insurance plan.
Top Features of the Term Plan
Steps to Buy Term Insurance Online
When buying term insurance, don’t restrict yourself to lower premiums or higher sum assured. Other factors that are needed to be considered are:
Inclusions & Exclusions of Term Plan
Given below is a List of some common inclusions and exclusions of a term plan. These may vary as per your insurance company’s terms.
Frequently Asked Questions
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TransAsia Composite Insurance Broking an insurance broker since 1994.
Registered Address: D- 310, Kanakia Zillion, LBS Marg, BKC Annexe, Mumbai - 400070
CIN : U65990MH1994PLC082324
IRDA Broker License No. 151
Valid from 22/04/2015 to 21/04/2018
Principal officer: Pradeep Karyakarte (Contact: +91 22 30212735)